As the global shipping lines struggle to deal with the largest ever drop in demand for sea freight, shoring up freight rates through capacity discipline, HMM has taken delivery of the world’s biggest containerships.
Founded in 1903 The South China Morning Post is the Hong Kong newspaper of record, with a readership in excess of 300k. Once again, seeking insights on global freight issues, they have turned to NGL for guidance.
Despite the continuing worldwide pandemic, lockdown, blanked voyages and grounded aircraft, Norman Global Logistics is uplifting and transporting medical, PPE and non-essentials cargo global by all modes.
Effective from the 26th April new China medical export controls have been implemented. New measures that enhance quality oversight and step up export regulation for epidemic prevention and control supplies.
Norman Global Logistics has highlighted how a crackdown on shoddy medical exports has led to surging air cargo costs and congestion in South China.
Office holiday announcement for Norman Global Logistics office closures in UK and Asia:
Lockdown, falling demand, store closures and limited warehousing operations, are forcing some shippers to leave their cargo uncollected at the port, raising concerns that supply chains could break down if ports become too congested.
The price of very low Sulphur fuel oil’s (VLSFO) is expected to remain under pressure until the COVID-19 pandemic is contained and the Saudi Arabia-Russia price war subsides tempting more carriers to join CMA CGM and avoid the Suez Canal, cutting millions from their operating costs.
The South China Morning Post reported on Friday on the challenges ahead for global trade and the outlook for air and sea freight, in the wake of Coronavirus. Expert opinion was provided by our very own Stefan Holmqvist.
Stefan Holmqvist, managing director of Norman Global Logistics Asia joined with Bjorn Wahlstrom, Managing Director at Current Consulting Group in Hong Kong, in last week’s webinar, to share supply chain experiences, understanding and expectations.